How regulations are fuelling fleet electrification?

The past 10 years has seen tighter regulations on efficiency standards and greenhouse gas emissions, as well as more financial incentives for electric vehicles (EV) promotional policies being introduced.

Meanwhile, the share of new EV sales across the market including the US, Western Europe and China has grown significantly over the years, creating an attractive environment for adoption and paving the way towards compliance.

In this market insight, ICIS senior analyst, Younghun Choi identifies the impact of more fuel-efficient internal combustion engine (ICE) vehicles, underscoring the role that the regulatory environment will play in the forecast decline in road fuels demand, up to 2030.

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